Cheap Apartments for Rent near Lakeland South, WA from $960 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lakeland South.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Sundance
$1,799 - $2,599
Total Monthly Price

Total Monthly Price

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$1,799 - $2,599
Total Monthly Price
$1,799 - $2,599
1 to 3 Bedroom Apartments Available Now

Sundance

210 27th AveMilton, WA 98354
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 31003 14th Ave S

$1,350 - $1,550

1 Bedroom Rentals

Available Now

31003 14th Ave S

Federal WayWA98003
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Lakeland South, WA Local Guide

Cheapest Available Lakeland South Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakeland South, WA is a 1 Bed unit found at Meridian Court Senior Affordable Apartments in the Jovita neighborhood priced from $1,199. Traditions at Federal Way Senior Living in the Jovita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. Here is today’s list of the most affordable Lakeland South apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA031BR,1BA$1,199
Traditions at Federal Way Senior Living1 Bedroom, 1 Bathroom1BR,1BA$1,299
SUNDANCER APARTMENTS1BR/1.0BA1BR,1BA$1,399
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
Enchanted Woods1x1 Premium1BR,1BA$1,495
Park 16Goldfinch2BR,2BA$1,530
Encore1 Bedroom, 1 full1BR,1BA$1,533
Mill Pond ApartmentsOne Bedroom1BR,1BA$1,549
Campus View1L1BR,1BA$1,550
CrosspointeTwo Bedroom One Bath2BR,1BA$1,625

Best Value Apartments for Rent in Lakeland South, WA and Nearby

As of August 22, 2026 the best value apartment in the Lakeland South area is the $1.75 price per square foot London Model at Kitts Corner in the in the West Campus neighborhood starting from $2,400. The second greatest value Lakeland South apartment is the 3 Bed 2 Bath Model at Providence Landing starting at $2,310 with a $1.79 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Lakeland South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kitts CornerLondon4BR,2BA$1.75
Providence Landing3 Bed 2 Bath3BR,2BA$1.79
Pacific Heights254 2X2 T2BR,2BA$1.77
The Lodge at Peasley Canyon2 Bedroom 2 Bath Plan Cedar A2BR,2BA$2.03
CrosspointeTwo Bedroom One Bath2BR,1BA$1.79
Edgewood Heights1 Bedroom1BR,1BA$1.96
Crossroads at Meridian ApartmentsTwo Bedroom2BR,1BA$1.96
Panther Lake ApartmentsTwo Bedroom Junior2BR,1BA$2.16
Campus View1L1BR,1BA$2.07
Encore1 Bedroom, 1 full1BR,1BA$2.16

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakeland South, WA Rentals by Map

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Frequently Asked Questions about Cheap Lakeland South Apartments

What is the Cheapest Studio apartment in Lakeland South?

Currently the most affordable Cheap Studio Apartment in Lakeland South is at Traditions at Federal Way Senior Living listed at $1,389.

How much is rent for a Cheap One Bedroom Lakeland South Apartment?

The lowest price for a Cheap One Bedroom Lakeland South Apartment is $1,199 at Meridian Court Senior Affordable Apartments.

What is the lowest price for a Cheap Two Bedroom Lakeland South Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeland South is starting from $1,299 at Meridian Court Senior Affordable Apartments.

What is the most affordable Lakeland South Three Bedroom Apartment?

The best deal on a cheap Lakeland South Three Bedroom Apartment rental is at Park 16 and starts from $2,053.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.